Piper Sandler Reaffirms Overweight Rating for Procore Technologies (NYSE:PCOR)

Posted by Brian Himes on Sep 28th, 2026

Procore Technologies (NYSE:PCOR – Get Free Report)‘s stock had its “overweight” rating reissued by equities researchers at Piper Sandler in a note issued to investors on Monday, Benzinga reports. They currently have a $68.00 price objective on the stock. Piper Sandler’s target price indicates a potential upside of 38.97% from the company’s previous close.

A number of other equities analysts have also recently commented on the company. Guggenheim assumed coverage on Procore Technologies in a report on Thursday, July 23rd. They set a “buy” rating and a $68.00 price target for the company. Jefferies Financial Group cut their price objective on Procore Technologies from $95.00 to $75.00 and set a “buy” rating for the company in a research report on Tuesday, July 21st. TD Cowen reduced their target price on Procore Technologies from $70.00 to $60.00 and set a “buy” rating for the company in a research note on Tuesday, July 28th. Weiss Ratings reissued a “sell (e+)” rating on shares of Procore Technologies in a report on Monday, July 6th. Finally, Citigroup restated a “market outperform” rating on shares of Procore Technologies in a research note on Tuesday, July 21st. Three analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Procore Technologies presently has a consensus rating of “Buy” and a consensus target price of $70.12.

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Procore Technologies Price Performance

PCOR stock traded down $0.37 during trading hours on Monday, reaching $48.93. The stock had a trading volume of 217,722 shares, compared to its average volume of 2,784,365. The stock has a 50-day simple moving average of $55.16 and a 200 day simple moving average of $51.65. Procore Technologies has a fifty-two week low of $38.03 and a fifty-two week high of $82.32. The stock has a market capitalization of $7.44 billion, a PE ratio of -188.02 and a beta of 0.74.

Procore Technologies (NYSE:PCOR – Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.05. The company had revenue of $375.21 million for the quarter, compared to analyst estimates of $365.82 million. Procore Technologies had a negative net margin of 2.73% and a positive return on equity of 0.71%. Procore Technologies’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.35 EPS. On average, sell-side analysts forecast that Procore Technologies will post 0.41 EPS for the current fiscal year.

Insider Transactions at Procore Technologies

In other Procore Technologies news, insider Benjamin Singer sold 3,943 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $63.35, for a total transaction of $249,789.05. Following the completion of the sale, the insider directly owned 86,931 shares in the company, valued at $5,507,078.85. This trade represents a 4.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Elisa Steele sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $63.00, for a total value of $94,500.00. Following the sale, the director owned 58,371 shares of the company’s stock, valued at approximately $3,677,373. This represents a 2.51% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 220,348 shares of company stock worth $11,591,165. 16.80% of the stock is currently owned by insiders.

Institutional Trading of Procore Technologies

Several institutional investors have recently added to or reduced their stakes in the company. Whetstone Capital Advisors LLC bought a new stake in shares of Procore Technologies in the second quarter valued at about $1,990,000. Engineers Gate Manager LP acquired a new position in shares of Procore Technologies in the second quarter valued at about $971,000. Squarepoint Ops LLC increased its position in Procore Technologies by 21.6% during the second quarter. Squarepoint Ops LLC now owns 305,837 shares of the company’s stock worth $12,423,000 after acquiring an additional 54,285 shares during the period. Arizona State Retirement System raised its stake in Procore Technologies by 3.8% in the 2nd quarter. Arizona State Retirement System now owns 32,098 shares of the company’s stock worth $1,304,000 after purchasing an additional 1,162 shares in the last quarter. Finally, Nykredit A S acquired a new stake in Procore Technologies in the 2nd quarter worth about $145,000. 81.10% of the stock is currently owned by institutional investors.

Procore Technologies Company Profile

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Procore Technologies, Inc (NYSE: PCOR) provides cloud-based construction management software. Its platform is designed to help construction companies and other industry participants manage projects, financial processes, field operations and collaboration across the project lifecycle.

The company’s products support preconstruction activities, project management, construction financial management, quality and safety programs, workforce coordination, asset management and project analytics.